Bristow Group (NYSE:VTOL) Issues Quarterly Earnings Results

Bristow Group (NYSE:VTOL) posted its quarterly earnings results on Tuesday. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.61 by $0.34, RTT News reports. Bristow Group had a net margin of 2.27% and a return on equity of 3.79%. The company had revenue of $365.12 million during the quarter. During the same quarter last year, the firm earned $0.41 EPS.

Bristow Group Stock Down 1.0 %

Shares of Bristow Group stock traded down $0.39 during trading hours on Friday, hitting $37.66. The company had a trading volume of 14,547 shares, compared to its average volume of 120,500. The company’s 50-day moving average is $35.18 and its two-hundred day moving average is $34.58. Bristow Group has a twelve month low of $24.33 and a twelve month high of $41.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.86 and a quick ratio of 1.53. The company has a market cap of $1.08 billion, a P/E ratio of 35.76 and a beta of 1.31.

Insider Activity

In related news, major shareholder Alternative Asset Manage Solus sold 75,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $39.50, for a total transaction of $2,962,500.00. Following the completion of the sale, the insider now owns 3,349,005 shares in the company, valued at $132,285,697.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark upped their target price on shares of Bristow Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 8th.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.